A look at the headlines in the sector right now:

  1. Intas Pharmaceuticals to buy Actavis' UK, Ireland business from Israel’s Teva for £600 million: The acquisition is the biggest Indian investment in Britain after the Brexit vote.
  2. Replaced Samsung Galaxy Note7 model catches fire on US flight, triggers evacuation: The Federal Aviation Administration established that the smartphone caused smoke on the aircraft, but Samsung said it could not confirm that.
  3. Sensex closes 114 points lower, Nifty by 34 as profit booking continues: The banking, auto and IT sectors saw the biggest losses of the day, while energy stocks did well in the day's trading.
  4. Twitter's shares fall 9% after reports that Google does not plan to buy the micro-blogging platform: The report by Recode also said that Apple and Disney were both unlikely to make bids to buy the social network.
  5. Nissan will launch eight new car models in India by 2021: 'Maybe we have not differentiated enough in the past,' said Christian Mardrus, the company's chairman for Africa, Middle East and India.
  6. Facebook Messenger's end-to-end encryption now available for all users: The feature was first introduced to the social network's users in August.
  7. Finance Ministry keen to present budget on February 2 or earlier: It is considering presenting the general budget between January 30 and February 2 with a view to completing the whole process by March 31.